Smarter Analyst

Nomura Remains a Buy on CrowdStrike Holdings (CRWD)

Nomura analyst Christopher Eberle maintained a Buy rating on CrowdStrike Holdings (CRWD) on December 9 and set a price target of $71.00. The company’s shares closed last Monday at $47.06.

According to TipRanks.com, Eberle is a 4-star analyst with an average return of 6.8% and a 64.5% success rate. Eberle covers the Technology sector, focusing on stocks such as Tenable Holdings, PROS Holdings, and Salesforce.

Currently, the analyst consensus on CrowdStrike Holdings is a Moderate Buy with an average price target of $71.00, a 51.0% upside from current levels. In a report issued on December 2, Needham also reiterated a Buy rating on the stock with a $92.00 price target.

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Based on CrowdStrike Holdings’ latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $35.51 million. In comparison, last year the company had a GAAP net loss of $42.32 million.

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CrowdStrike Holdings, Inc. operates as a holding company. It provides cloud-delivered solution for next-generation endpoint protection that offers cloud modules on its Falcon platform through SaaS subscription-based model. The company was founded by George P. Kurtz and Dmitri Alperovitch on November 7, 2011 and is headquartered in Sunnyvale, CA.